The quadruple demand the supply in the last broadcast of Bonds del Santander

Santander has placed this Thursday 1,250 million euros In a bond issuance that has received a demand four times higher than the supply, for 5.2 billion euros, according to the Bloomberg agency. It is a 10 -year placement, and the coupon has stood at 3.5%. The interest shown by investors has allowed the bank to reduce the placement, which started from a price of 150 basic points over the Midswap (Reference interest rate), differential that has finally stayed at 120 points.

The placement banks have been Santander, Barclays, HSBC, ING, Natixis, Nomura and Société Générale, as they point out from the same agency.

In addition, this Thursday the bank has launched an offer to repurchase two subordinated bonds that beat 2026 and 2027 for an aggregate amount of 2.5 billion euros, as stated in Europa Press. The first bonus has a nominal amount pending 1,500 million euros and won in April 2026 with an annual interest of 3.25%. The other bonus has a nominal amount of 1,000 million and expires in January 2027, with an interest of 3,125%. “The reason for the offers is to optimize the liquidity and the expiration profile and eligibility of admissible own and liabilities instruments,” they explained from the entity.

The operation is carried out only one day after Santander had record results. The entity registered in 2024 a attributed benefit of 12,574 million of euros in 2024which is a 14% increase compared to 2023, exceeding the 12,211 million that the consensus of analysts projected. The bank also announced the beginning, this Thursday, a repurchase program for the value of up to 1,587 millioncorresponding to 25% of the benefit obtained in the second semester, in line with its policy of remuneration to the shareholder.

The entity currently has the approval of the analysts of the market consensus that collects FACTSET. These experts recommend buying Santander titles, which also give approximately 5%bag potential.